Is Bitcoin required to pay taxes? | Bitcointalksearch.org

Mhd-Bobbi

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Quote from: ghsh on March 07, 2018, 08:33:58 PM

Britain, Japan and so on are tax on Bitcoin, China's behavior such as Bitcoin transactions is not tax, which is why? What will happen?
If Bitcoin needs to pay taxes, what are the taxation links? Which taxes include?

Who will control the payment of Bitcoin taxes?
The government has received many taxes, such as building taxes, vehicle taxes, land taxes.
Whereas Bitcoin runs on the internet, how does the government impose taxes?

nuninho

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The tax issue is a little complicated. Isn't it hard to make the calculation?

Flor1982

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This will depend upon the nation regulation policy if their goverment would declare tax on Bitcoin or not. Although taxation is one of the benefits that a certain country could enjoy but still it will defend if they will just consider the welfare of the people like in Japan in which they imposed less tax on Bitcoin and in Germany in which their is no tax to be collected from the Bitcoin users in their place.

Escan0r

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Quote from: ghsh on March 07, 2018, 08:33:58 PM

Britain, Japan and so on are tax on Bitcoin, China's behavior such as Bitcoin transactions is not tax, which is why? What will happen?
If Bitcoin needs to pay taxes, what are the taxation links? Which taxes include?

If bitcoin does require tax, what will happen to people who hold bitcoin for as long as they hold and their bitcoin reduced? there are only losses that can be and certainly the crypto currency will no longer be the bitcoin holders.

gregory04ui

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No bitcoins do not required taxes but why use bitcoins. Buy instagram followers at https://myigfollowers.com in cheap price via paypal.

gayletot

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I know there is no tax paid for bitcoin. many countries do not accept bitcoin and crypto, this is because they do not know how to tax it. Governments of different countries can hardly accept the crypto especially and there is a bank first initial blocking it.

jossiel

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Quote from: Firefox07 on October 03, 2018, 05:31:01 PM

As of the moment my country don't required us to pay taxes. But if the time comes that they will put tax on bitcoin. We can't do anything but to obey what our government will implement. As long as the tax will use to help other people.

I won't go through with any political discussion but that's what a law abiding citizen must do, pay taxes if the government will require. But time will tell when adoption comes, expect that it will be taxed.

There are countries now that are obliging their people to pay taxes depending on the profit they made with crypto's, not only with bitcoin.

jhongzjhong

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Quote from: Harlot on October 06, 2018, 12:40:17 PM

Quote from: Firefox07 on October 03, 2018, 05:31:01 PM

As of the moment my country don't required us to pay taxes. But if the time comes that they will put tax on bitcoin. We can't do anything but to obey what our government will implement. As long as the tax will use to help other people.

You are unknowingly evading your taxes which is also illegal. Bitcoin even if it is a new asset or kind of cryptocurrency was never exempted from taxes and anyone who was under in that kind of impression/thinking is not paying their taxes right. If you are simply earning from your cryptocurrency you can be taxed may it be income tax or capital gains you still need to pay. If I were you I will start paying my taxes right before a random audit happens to you.

But how could you pay the tax that the government did not implement of paying tax from crypto earnings? That scenario is just what like happens here in my country, the government did not implement on that having tax or forcing us to pay tax. Besides, our government recognized that bitcoin is an alternate currency here. Even me I don't be hesitated to contribute tax I know that in that way I help the economic growth problem.

Harlot

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Quote from: Firefox07 on October 03, 2018, 05:31:01 PM

As of the moment my country don't required us to pay taxes. But if the time comes that they will put tax on bitcoin. We can't do anything but to obey what our government will implement. As long as the tax will use to help other people.

You are unknowingly evading your taxes which is also illegal. Bitcoin even if it is a new asset or kind of cryptocurrency was never exempted from taxes and anyone who was under in that kind of impression/thinking is not paying their taxes right. If you are simply earning from your cryptocurrency you can be taxed may it be income tax or capital gains you still need to pay. If I were you I will start paying my taxes right before a random audit happens to you.

DeadCoin

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Depends upon the country where you live. I live in a country where either bitcoin is banned nor accepted, hence i do not require to pay tax to my bitcoin earnings. We do have countries who have rules on paying tax to bitcoin earnings. Few have less percentage to be paid as tax, few do charge more which is really not welcomed. Its good to pay though and i will do so if my country allows and creates facilities to earn bitcoin. Worth paying my government tax if it supports me its citizens by creating rooms to earn bitcoin and other crypto currencies.

CoinPocket

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I don't get it how a goverment can get taxes from citizen which got bitcoins if bitcoin is an anonymous asset?
But authorities could easily put taxes on crypto exchanges, so every transaction could already include tax values, so make it easer to ordinary crypto investors.
At the same time, sure the cryptomarket needs stability and crypto enthusiasts need clear rules to follow.

izanagi narukami

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IMO, bitcoin is an asset just like gold so do you think when we have gold, we must pay tax ?
Just because bitcoin able act as currency , it require to pay a tax ? I don't think so because bitcoin and fiat are completely different.

Bitcoin is bitcoin , an ordinary investment asset but it has unique advantage as fiat

Carrelmae10

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..the implementation of bitcoin tax depends upon on what country you belong..there are many countries that treat bitcoin as assets so they impose tax on it..others don't recognized bitcoin..some treat bitcoins as a source of income..but they don't impose tax on it..the legality of Bitcoin depends upon on how people use it..

timotron

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Quote from: Firefox07 on October 03, 2018, 05:31:01 PM

As of the moment my country don't required us to pay taxes. But if the time comes that they will put tax on bitcoin. We can't do anything but to obey what our government will implement. As long as the tax will use to help other people.

what is your county?

Firefox07

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As of the moment my country don't required us to pay taxes. But if the time comes that they will put tax on bitcoin. We can't do anything but to obey what our government will implement. As long as the tax will use to help other people.

timotron

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Hi,

In Spain, we have a barrier to ICO`s creation.
and other anti-tech-evolution laws! They are very general and poor, but difficult to evade.

But we have to pay Taxes for our crypto thing! This is very good explained and we got some guides too!

Spain in amazing...(not for crypto)

Good day!

Hannahanto

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It depends upon your country government, if the government forced to pay tax for bitcoin means then you have to pay. Still ther is no tax for bitcoin in many countries. At the same time few countries put tax for bitcoin. Mainly tax is to avoid bitcoin for illegal purpose but in future tax is applicable for bitcoin in all countries.

marcbitcoins

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This will depend upon the nations on how they will draft their Bitcoin regulations. Some countries like Japan and France imposed less tax on Bitcoin income while Germany imposed free of tax during direct spending and investing therefore it will just depend of the country but most of them just imposed tax same as fiat taxation as this is the one of the benefit of the country that will declare Bitcoin is legal.

Tapyaks72

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Quote from: mornabo on September 17, 2018, 09:21:22 PM

Quote from: DeadCoin on September 04, 2018, 06:49:47 AM

It depends upon the country, if the government of the country put tax on bitcoin means then you have to pay tax. But still the tax is not applicable for bitcoin in many countries. In some countries bitcoin is treated as one of the valuable assets. So they ask people to pay tax for bitcoin. But there is a chance for all countries will one day announce tax for bitcoin.

You right for now in some countries not many have implemented the tax system on bitcoin, but it is likely that for many countries to implement it, seeing the development of crypto and bitcoin is getting better and many people are adopting it, the government is certainly thinking about how to benefit for both

Many countries adopted bitcoin because of the fast and reliable means of remittances, although some of them are just using it as a remittances medium, but because of some transaction fees the government will ask a tax to the service fees to the service provider who are valid and registered one

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